According to TechFlow, on October 17, (Fortune) reported that the latest report from blockchain data analysis company Chainalysis showed that the launch of Bitcoin spot ETFs has made North America the dominant force in the global encryption market.
The report pointed out that North America accounts for 22.5% of global crypto activity, with an estimated on-chain value of $1.3 trillion. Eric Jardine, head of cybercrime research at Chainalysis, said that the entry of traditional financial institutions has completely changed the industry landscape and consolidated the United States' dominance in the crypto field.
Additionally, 70% of crypto transfers in North America were over $1 million, reflecting the growing influence of large financial institutions on the regionâs crypto market.